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the debt ceiling or credit rating of the united states, that's a non-issue. you're right. that's the thing we should have learned back in august 2011. people don't pay attention to the credit rating agencies anymore, especially when it comes to sovereignty debt. >> if they cut enough time it starts to impact what the government has to pay for their debt. >> look at every institutional investor -- >> if it goes low enough some treasuries couldn't buy those because the rating wasn't high enough for them. >> if you look at every single institutional investor, they define that a u.s. treasury security is a separate investment independent of its credit rating. >> because it implies a aaa credit rating that it doblt even have right now. >> interest rates that the united states pay is what the united states want to charge it. >> why rate? >> i agree. >> it's pointless. >> they shouldn't. >> can we look at this another way for a minute? let's look at this another way. let's talk about this country being able to pay its long-term bills. forget what a credit agent says about the u.s. balance sheet.
the only finding themselves in the red. bank of america also turning down in the month. disney and united technologies both up better than 9%. and hewlett-packard having the best january up 20%. likely on sympathy for a possible dell deal. because h. rks is actually the worst performing dow component in the last ten months. tough times for all of teches. intel and microsoft also seeing big declines. and home depot riding the housing market. and bank of america lifted by financial sentiment. bank of america though, the worst performer since the 2007 rally. down 78% since then. alcoa down almost as much app and hp down 67%. the biggest winner again home depot. ibm and mcdonald's also up more than 60% since 2007. >> which dow 30 stock should you buy today that will be the big winners? joining me with their picks are harry clark and peter taus. good to see you guys. what kind of a move, harry, do you think the dow makes in the next five to six years? >> earlier today jpmorgan strategists had 20,000 for the dell in four years. i think that's entirely possible. we could be at 15,000 this year.
upgrade program. probably not just units but an accounting for giving the free upgrades. >> okay. >> looks like a pretty good quarter with low expectations but gets better all year because of a product cycle, and the stock is real, really cheap generating 3.5%. >> the stock is still down after hours. had a do you think about about it right now? >> i'm not surprised it did miss the number and microsoft has a history of being hit hard when it miss eds its whisper number. 76 is halfway between the official guidance and whisper number which get you a lot of focus, a little bit too light on the rev side. i think it's an interesting story and compel valuation. i think 2013 is make or break for microsoft. we need to see the service and the phones do well, but we're getting indication that that's possible, if not intimate. >> star cushion just out. they matched expectations on the bottom line. a penalty was the exact pigs. the tone line a little light. looking for $3.84 and they got $3.80 billion. the stock right now down 1.6%. we'll get back to starbucks in just a few minutes here. jon fortt, any
children have already died from influenza this year in the united states. talk with the ceo of sanofi. >>> then what are your money risks in 2013. >>> also ahead, you know who's not worried? those who bought this $1.6 million car. it hasn't even passed u.s. safety tests yet. our wealth editor robert frank will check it out next up. with the spark miles card from capital one, thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve great rewards. [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell
to china, for the impact that china continues to have on the global economy. the united states is again demonstrating, may not be the growth rate that we want, but it is in fact heading in the right direction which is why the asset class of exsis should come back into favor. we've been out of favor for years at this point. the weekly money flows we just saw, the first time we've seen positive growth. >> exactly. >> i think that money has been spent quite frankly so that's a tough trade, but at this particular point market has digested what it's going to digest. put in a great first two weeks of january, and i believe the money flows should and will continue into the united states equity markets. >> right. >> and the bric nations for that nation. >> regardless of the backdrop, right, michael pento? >> that was to me. i wanted to say something. you can't ignore the booming money supply, mzm and growing 12% per annum, but one of the cornerstones of real and solid growth is a sound and stable currency, and when you have an idea floating out there of a $1 trillion coin that does not serve to
will be up 110% on the year on the s&p. you get it. dow transport, risk on, honeywell, united technologies, all on the strong side. the regional banks had the earnings fifth third, pnc, huntington and a new high for fifth third. back to you. >> bob, thank you so much. financial stocks, of course, leading this market again this year. wells fargo climbing nearly 3% this month alone, after rising better than 20% in 2012. wells fargo chairman, president and ceo is john stumpf who joins me now in a rare and exclusive broadcast interview. welcome to the "closing bell," john. >> thank you. nice to be here. >> thank you so much for joining us. i want to talk first about the broad environment, what you're seeing, because we talk so much here about the challenges as a result of washington and this slowing growth story for the economy. what are you seeing? >> well, 2012 was the year housing really made its statement at its back. it's not back to where it was, but surely we can now say housing has turned the corner so that's a good thing for the economy. when housing does well, everything else seems t
the united states congress refuses to pass an extension to the debt ceiling. if that happens, the united states can't add any new debt, cannot continue to borrow, so what would you have to do if you're the united states government? you'd have to live off of your tax receipts. take a look here at some of the charts that we've prepared, and can you see exactly how much money the u.s. government brings in every month. it's about $206 billion in receipts every month. that's the whole amount of money the u.s. government would have to finance its operations so how does that break out? what are the expenses on a monthly basis? we'll start with the absolute must-dos. interest on the debt, $29 billion a month. got to pay that. social security, got to pay that. 65 billion, medicare about 42 billion. veterans will b $11 billion. income security programs. that's about $46 billion in expenses every month and also military salaries. this is our estimate so some of these numbers are a little bit rough, but that's about $13 billion a month, and what does that get you? it gets you a grand total of expens
ceiling crisis. >> the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly. >> i'll get reaction from billionaire founder and ceo of interactive brokers, peterffy. ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a yes, you could. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in number
't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >>> welcome back. it's a dream come true if you're an aggressive shopper looking for deals. target is now offering price matching against select online competitor year round after using strategy during the holiday season. now, if you've been watching the "closing bell," you knew this was coming back in mid-october when our own herb greenberg predicted
of the world does. we have cheap energy here in the united states and we feel that will drive manufacturing back to the united states, create jobs, and when all this political stuff is over, that's going to be a big story that we'll talk about ten years from now. >> these are long-term projects. these happen over a long period of time. i think the point that rex is making we'll see a sizable decline, maybe not sizable, i don't know what kind of size you're expecting because of all the wranglings in washington. what you're talking about, ed, is an opportunity for businesses and washington to work together on energy. we're not seeing that. >> obama has been more energy friendly than people would like to admit. numbers back it up. production doing very, very well when he's been in office and the other thing i'm saying -- >> what about the keystone pipeline? >> nothing has come of it yet, but let me tell you there are other pipelines producing pretty well without that pipeline. we're talking 16% last year, 14% increase this year, another 10% the year after that. we're going to look at almost a
house when the president unveiled a range of ideas to combat gun violence in the united states, including a new assault weapons ban, limit on the size of magazine clips, enforced measures for background checks and increased access to mental health in this country, and the president said that lawmakers on capitol hill are going to be facing a dramatic choice. >> what's more important? doing whatever it takes to get an "a" grade from the gun lobby that funds their campaigns or giving parents some peace of mind when they drop their child off for first grade? >> now, the nra itself putting out a statement this afternoon saying attacking firearms and ignoring children is not a solution to the crisis we face as a nation. only honest law-abiding gun owners will be affected, and our children will remain vulnerable to the inevitability of more tragedies. so, maria, we're setting up here for an intense political fight up on capitol hill. republican speaker of the house john boehner reacted tepidly, his spokesman putting out a statement saying they will look at the ideas and if the senate
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still like large cap. i'm about 65% in large caps here in the united states. the rest of it is in large caps, in europe and over in asia, and i think that's particularly emerging market debt and emerging market stocks. i like those. we've also increased our stock position by about 5 p. my guess is that this congress is going to give us a few more opportunities, maria, to be buying as a dip before we get to the second half of the year, and when i find myself agreeing with merrill lynch as an independent adviser, i don't know, but i like what kate moore had to say. >> what you're saying basically is you've got to be in the market but look for the right places because we'll see selloffs along the way, nathan. >> we'll absolutely see some selloffs. >> thanks, gentlemen. >> no doubt about it, maria. >> see you soon. thanks a lot, guys. stocks snapping the two-day losing streak. bertha coombs is here with the session's big movers, winners and losers. bertha, what can you tell us? >> reporter: leading the way higher today, some of them getting a little bit of a boost perhaps from the jpmorgan
quarter. also will point out cash is above $48 billion and the head count in the google unit is up. in the motorola unit it's down by about 1,000 folks so kind of even on the head count. google a little more than a thus and down in motorola. even if you count the home business about, take out the home business, down a lot more. let me ask our earnings mavens in the booth here. does that put motor ola back in, apples to apples comparisons with the estimates now, anybody? >> too soon to tell. >> it does not. >> still waiting for the bottom line number. again, the estimate was $10.42, but it's a very messy report because it either does or does not include a division that they sold in the last year, motorola home. >> david garrity, you heard jon fortt go through a lot of numbers, paid clicks up 24% and below expectations for folks. another loss for motorola. the thing i got encouraged by was cost per click was up and not down as heavily as it would be. to my reading that maybe shows the desk top service may have held up better than feared. >> paul meeks, what do you want to hear from -
which came in at 47.8 million units. ipad sales 22.9 million unit in the quarter, and -- and mac sales were 4.1 million lower than last year, but number that got our attention. >> $137 billion in cash. >> you couldn't spend that kind of money. >> moly holy smokes. >> let's get reaction. jon fortt and also joining us now james ramelli who may initiate a short position on apple in the next few days. i was under the impression you already had. are you a little late. would you do it now? >> no, i still think that the pressure and momentum is to the down side. you know, two-thirds of the time, the day after earnings, a israel will close lower than it opens if it gaps lower, i still think that there is a way to get it in short here. since that 705 top, seen sellers come in on any rally. going to gap lower. the options market was implying a move to the downside about $36 by friday expiration so that's lower. could see another $14 from the down side into friday. >> what you're looking at is the bets being placed in the options market right now, and they seem to be suggesting come friday when w
, the united states senate has just voted to extend the nation's debt ceiling for multiple months. the new deadline now will be may 19th, and that tees up now the next fiscal fight here in washington which will come on march the 1st. it will be over the so-called sequester. all of those automatic spending cuts, will they be allowed to go into effect? that will now be the next big question we wrestle with here in washington, maria. >> thanks so much. >> january jobs figures taking center stage first thing tomorrow morning as the white house shutters its jobs council. hampton pearson on what's sure to move the markets. >> reporter: hi, maria. tomorrow's job reports will have two part, the headline numbers on jobs and the unemployment rate. our cnbc survey predicts employers increasing non-farm payrolls by 1 of,000 jobs versus 155,000 in december. the unemployment rate holding steady at 7.8%. now today we heard that first-time unemployment claims actually jumped by 38000 to a seasonally adjusted 368,000, that according to the labor department. lost in yesterday's focus on negative gdp was the
tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >>> welcome back. boeing 787 dreamliner assembly lines continue to run even though there's a problem with damaged batteries from a grounded plane. >> reporter: a lot of speculation that boeing could get the dreamliner back in the air. today, secretary of transportation ray lahood was asked about that, and it's pretty clear he's not in any rush to lift the grounding. >> this is complicated because we want to make sure we get it right, and the flying public expects us to get it right. and so it's -- it's going to take a little bit of time. >> can you get it done by early next week? >> oh, you know what? i just -- i don't know the answer to that. i'm not the one doing the -- the examination and the work and so we'll just --
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twice as fast as federal receipts. you know, the united states is truly submerging -- it's a great country. seemingly indestructible as a country, but our fiscal problems are enormous, and they are -- they are at rock bottom a monetary problem. when the federal reserve, that is to -- actually call it by its name. when the bureau of money materialization, don't call it a central bank, it's the bureau of money printing. >> okay. >> when the fed can materialize dollars on a computer screen, that is no constraint either so what we have is a physical problem but the underlying problem is monetary. >> before i ask you for some solutions and what might work, did you find any encouragement in the nominating of jack lew to this very important post of treasury secretary today? >> he does not remind me of alexander hamilton. >> that's all you're going to say? >> that's all i'm going to say. i'll give him a chance to be alexander hamilton. >> but why not? >>y in secretary of the debt would be to, first of all, talk in english in our problems and secondly to understand that the -- the revenues
finished at new highs today. disney, home depot, johnson & johnson, jp morgan. pfizer, united technology. 3m. this goes back to 1945 for 3m. >> thank you very much. brian shactman. who would have thunk it? research in motion shares surging almost 70% over the past month ahead of the blackberry 10 launch which by the way is next week. we'll preview the much anticipated event. in just a few minutes' time -- >> up next we'll talk about the war of words happening right here on this network a few hours ago. hope you saw it. millionaire activist investor carl icahn in one corner versus bill ackman in the other. scott wapner officiated and is here next to recap. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. that if you pick three people, odds are they'll approach everything in their own unique way -- including investing. so we help clients identify and prioritize their life goals. taking that input and directly matching assets and risk preferences against them. the result? a fully customized p
that will fare. asked him about the tablet market, the ipad mini starting to come out with lte units getting broader geographic distribution. qualcomm chip sets not in that, but that's not pointed out quite yet. >> big move in qualcomm. thanks a lot, jon, we'll be watching that. a lot more market moves after the break. stay with us, and then it's not a some by apocalypse, it's the refi apocalypse. some analysts say it's upon us. find out why and who is in danger next. and everybody is waiting for the great rotation from bonds to stocks, right? but it's not happening yet. coming up the bond queen alexandra lebenthal will give us her take on why bonds are doing so well and how long it will last. stay with us. [ male announcer ] at northern trust, we understand that if you pick three people, odds are they'll approach everything in their own unique way -- including investing. so we help clients identify and prioritize their life goals. taking that input and directly matching assets and risk preferences against them. the result? a fully customized plan. we call it goals driven investing. you have
Search Results 0 to 20 of about 21